Daily Current Affairs November 24

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs November 24. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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November 24 | Daily Current Affairs 2025

Sports – Daily Current Affairs November 24

1. Who won the gold medal for India in the 25m pistol event at the Deaflympics 2025 in Tokyo?
A) Chetan Hanmant Sapkal
B) Seung Hwa Lee
C) Abhinav Deshwal
D) Serhii Formin
E) Saurabh Chaudhary
Answer: C) Abhinav Deshwal

Event and Location:

• Event: Abhinav Deshwal wins gold in 25m pistol shooting at Deaflympics 2025
• Location: Tokyo, Japan
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Abhinav Deshwal secured the gold medal in the 25m pistol event at the Deaflympics 2025 with a final score of 44, defeating South Korea’s Seung Hwa Lee by one point.
• Objectives:
  • To represent India in international competitions for athletes with hearing impairments and achieve excellence in shooting sports at a global level.

Important Terms Explained:

• Deaflympics:
  • An International Olympic Committee (IOC)-sanctioned event for athletes who are deaf or hard of hearing, held every four years. The Deaflympics aim to foster inclusion and sports excellence among the hearing-impaired community.
• 25m Pistol Event:
  • A precision shooting event where participants fire a series of shots at a target from a distance of 25 meters, judged on accuracy and consistency.

Tabular Summary:

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2. Which overseas cricketer recently set the record for most sixes in a Test innings in India?
A) Matthew Hayden
B) Tim Southee
C) AB de Villiers
D) Marco Jansen
E) Sir Vivian Richards
Answer: D) Marco Jansen

Event and Location:

• Event: Marco Jansen hits most sixes by a visiting batter in a Test innings in India
• Location: Guwahati, Assam, India
• Date: November 23, 2025 (2nd Test match)

Mandates and Objectives:

• Mandates:
  • South African all-rounder Marco Jansen struck 7 sixes in a single Test innings during the 2nd Test against India, setting a new record for the most sixes by a visiting player in India in Test cricket.
• Objectives:
  • To boost South Africa’s innings and contribute significantly as a lower-order batter, showcasing aggressive play against spin-friendly conditions and setting new benchmarks for visiting players in India.

Important Terms Explained:

• Test Cricket:
  • The longest and most traditional format of international cricket, played over five days with two innings per team.
• Six (in cricket):
  • A scoring shot where the ball is hit over the boundary without touching the ground, awarding six runs.
• Lower-order Batter:
  • A player typically batting at positions 7–11, often known for bowling but contributing crucial runs when needed.

Tabular Summary:

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Banking and Finance – Daily Current Affairs November 24

3. By FY2030, what is the estimated insurance premium volume expected to be driven by Point-of-Sale Persons (POSPs) in India?
A) ₹1.5–1.7 trillion
B) ₹2.0–2.2 trillion
C) ₹2.5–2.7 trillion
D) ₹3.1–3.3 trillion
E) ₹4.0–4.2 trillion
Answer: D) ₹3.1–3.3 trillion

Event and Location:

• Event: POSPs projected to drive ₹3.1–3.3 trillion insurance premiums by FY2030
• Location: Mumbai, India
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • The insurance distribution framework in India is undergoing transformation, with Point-of-Sale Persons (POSPs) emerging as key drivers for retail insurance penetration, especially in tier-II and tier-III cities, since the model was introduced by the regulator in October 2015.
• Objectives:
  • To support the “Insurance for All by 2047” national vision by expanding insurance access through simplified distribution models, improving operational ease, enhancing financial literacy, and increasing participation from underserved regions.

Important Terms Explained:

• POSP (Point-of-Sale Person):
  • An individual authorised by an insurer or insurance intermediary to sell basic insurance products such as life, health, and general insurance with minimal training. POSPs function as a low-cost distribution channel, making insurance accessible in remote and rural areas.
• Insurance for All by 2047:
  • A vision outlined by the Indian government and regulators aiming to ensure universal insurance coverage across all citizens, property, and businesses by India’s centenary of independence in 2047.
• Tier-II and Tier-III Cities:
  • Smaller urban centres in India, categorized based on population size.
  • These regions are crucial for financial inclusion due to lower insurance penetration and limited access to formal financial services.

Tabular Summary:

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Business and Economy – Daily Current Affairs November 24

4. What is the size of the climate-focused fund SBI Ventures plans to launch in Q1 of 2026?
A) ₹1,000 crore
B) ₹1,500 crore
C) ₹2,000 crore
D) ₹2,500 crore
E) ₹3,000 crore
Answer: C) ₹2,000 crore

Event and Location:

• Event: SBI Ventures to launch ₹2,000 crore climate-focused fund
• Location: New Delhi, India
• Date: November 24, 2025 (announcement); Launch in Q1 2026

Mandates and Objectives:

• Mandates:
  • SBI Ventures, the alternative asset management arm of State Bank of India (SBI), will launch a ₹2,000 crore climate-focused fund in the first quarter of 2026. The fund targets early and growth-stage startups in frontier climate technologies and AI-enabled climate innovations.
• Objectives:
  • To unlock green growth and address India’s annual climate finance gap, especially in low-carbon materials, climate-resilient infrastructure, water security, and circular economy sectors, while catalysing blended finance and de-risking innovations.

Important Terms Explained:

• SBI Ventures:
  • An alternative investment platform promoted by State Bank of India, focusing on thematic funds in climate tech, digital innovation, and strategic sectors. It manages and raises funds targeting sustainable and scalable ventures.
• Climate-Focused Fund:
  • An investment fund dedicated to supporting companies or projects that address climate change challenges, including decarbonisation, sustainable energy, climate resilience, and environmental technologies.
• Blended Finance:
  • A financing structure that combines concessional public or philanthropic funds with private capital, designed to de-risk high-impact investments in developing sectors like climate adaptation and resilience.
• Climate Resilience Bonds:
  • Innovative financial instruments that raise capital specifically for climate adaptation and risk-reduction infrastructure, such as flood-resistant systems, climate-smart agriculture, and water conservation projects.

Tabular Summary:

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5. Which country was the largest exporter of finished steel to India during April–October 2025?
A) China
B) Japan
C) Russia
D) South Korea
E) Belgium
Answer: D) South Korea

Event and Location:

• Event: India’s finished steel imports down 34% YoY during April–October 2025
• Location: Pan India (Domestic and International Trade Data)
• Date: November 24, 2025 (based on government provisional data)

Mandates and Objectives:

• Mandates:
  • India imported 3.8 million metric tonnes of finished steel during April to October 2025, registering a 34.1% decline year-on-year. Simultaneously, finished steel exports rose 25.3% to 3.5 million metric tonnes in the same period.
• Objectives:
  • To reflect the evolving dynamics of India’s steel trade balance, highlighting import contraction, export growth, and identifying top trading partners amid domestic price pressures and weak demand conditions.

Important Terms Explained:

• Finished Steel:
  • Steel that has been processed and shaped into usable forms (like bars, rods, coils, sheets) and is ready for use in manufacturing, infrastructure, construction, and consumer products.
• Crude Steel:
  • The initial solid form of steel after it is melted and cast, prior to further processing into finished steel products.
• Net Importer:
  • A country that imports more of a specific commodity than it exports. Despite higher exports this period, India remained a net importer of finished steel.
• Consumption of Finished Steel:
  • Represents the total volume of finished steel utilized within the domestic economy, driven by sectors like construction, infrastructure, and manufacturing.

Tabular Summary:

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6. Which global agri-trading firm recently became the second-largest exporter of pulses to India?
A) Cargill
B) Glencore Agriculture
C) Louis Dreyfus Company
D) ADM
E) Bunge
Answer: C) Louis Dreyfus Company

Event and Location:

• Event: Louis Dreyfus Company becomes second-largest exporter of pulses to India
• Location: India (with sourcing from Canada, Australia, Argentina, Russia, Myanmar, Africa)
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Louis Dreyfus Company (LDC), a French agri-trading firm, launched its global pulses trading unit in September 2024 and has since grown to become India’s second-largest pulses exporter, handling commodities like chickpeas, lentils, and yellow peas.
• Objectives:
  • To serve India’s growing vegetarian protein demand, deepen supply chain integration via domestic processing mills, and support sustainable agriculture while strengthening India’s protein security through pulses.

Important Terms Explained:

• Louis Dreyfus Company (LDC):
  • A global merchant firm dealing in agriculture and food processing, active in over 100 countries with operations in commodities like grains, oilseeds, coffee, and cotton.
• Yellow Peas:
  • A variety of legume widely used as a plant-based protein source; India imports large quantities primarily from Canada and Australia.
• Pulses Processing Mills:
  • Facilities that clean, grade, and process pulses into market-ready products. LDC is exploring establishing such mills in central or western India to move up the agri-value chain.
• Jagruti Cotton Project:
  • An LDC initiative aimed at promoting sustainable cotton farming, launched in 2022. It now covers 26,000 farmers across 85+ locations with training on regenerative agriculture, pest control, and soil health.
• European Union Deforestation Regulation (EUDR):
  • An EU law requiring that imported commodities like coffee and cocoa be sourced without contributing to deforestation. LDC is aligning Indian coffee exports to meet these standards.

Tabular Summary:

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7. How much investment has Axis Energy Ventures proposed for Madhya Pradesh during the recent business session?
A) ₹20,000 crore
B) ₹36,600 crore
C) ₹29,500 crore
D) ₹15,700 crore
E) ₹27,800 crore
Answer: C) ₹29,500 crore

Event and Location:

• Event: Axis Energy Ventures proposes major investment in Madhya Pradesh
• Location: Hyderabad (event); Investment for Madhya Pradesh
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Axis Energy Ventures submitted a formal proposal to invest ₹29,500 crore in Madhya Pradesh during a business session organized to highlight investment opportunities in the state.
• Objectives:
  • The aim is to boost industrial growth, attract private sector investment in the energy domain, and contribute to job creation and infrastructure development in Madhya Pradesh.

Important Terms Explained:

• Axis Energy Ventures:
  • A private renewable energy company focused on development, investment, and operations in clean energy sectors such as solar, wind, and hybrid energy systems.
• Investment Intent:
  • A non-binding commitment made by businesses expressing interest to invest in a specific region, subject to clearances, due diligence, and follow-up agreements.
• Employment Generation:
  • The process through which industrial and infrastructure projects contribute to creating job opportunities across skilled and unskilled sectors.

Tabular Summary:

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Appointments – Daily Current Affairs November 24

8. Who has been appointed as the Chief Strategy Officer and Head – Investor Relations at Veritas Finance in November 2025?
A) Ramesh Subramanian
B) Anand Rathi
C) Dheeraj Mohan
D) Vivek Vasudevan
E) Ranjit Menon
Answer: C) Dheeraj Mohan

Event and Location:

• Event: Appointment of Dheeraj Mohan as CSO & Head – Investor Relations
• Location: Veritas Finance, Chennai, India
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Veritas Finance has appointed Dheeraj Mohan as Chief Strategy Officer (CSO) and Head – Investor Relations, marking a key strategic leadership addition to the company.
• Objectives:
  • To strengthen Veritas Finance’s strategic roadmap, investor communication, and long-term growth trajectory by leveraging Mohan’s expertise in capital markets, customer experience, and analytics.

Important Terms Explained:

• Chief Strategy Officer (CSO):
  • A senior executive responsible for formulating and executing strategic initiatives, overseeing growth plans, and driving key partnerships and investor communication.
• Investor Relations:
  • A corporate function that manages communication between a company’s management and its investors, aiming to provide transparency and maintain investor confidence.
• Veritas Finance:
  • A Non-Banking Financial Company (NBFC) that provides loans and financial services primarily to micro, small, and medium enterprises (MSMEs) in India.

Tabular Summary:

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Awards – Daily Current Affairs November 24

9. What is the new category introduced in the 35th National Energy Conservation Awards (NECA) 2025?
A) Renewable Energy Projects
B) Carbon Trading Innovators
C) Digital Content Creators & Influencers
D) Climate Policy Think Tanks
E) Green Startups
Answer: C) Digital Content Creators & Influencers

Event and Location:

• Event: 35th National Energy Conservation Awards (NECA) 2025 preparations by BEE
• Location: Vigyan Bhawan, New Delhi (event); Pan-India (participation)
• Date: December 14, 2025 (Award ceremony); October 15, 2025 (Application opening)

Mandates and Objectives:

• Mandates:
  • The Bureau of Energy Efficiency (BEE) under the Ministry of Power is organizing the 35th National Energy Conservation Awards (NECA) 2025, with active coordination from Union Ministries, State Designated Agencies (SDAs), and industry stakeholders.
• Objectives:
  • To promote energy efficiency, recognize outstanding contributions in energy saving, support India’s Nationally Determined Contributions (NDCs), and foster a national culture of sustainability.
  • The event also aims to promote awareness through Mission LiFE and new platforms like digital content creation.

Important Terms Explained:

• NECA (National Energy Conservation Awards):
  • An annual recognition program instituted in 1991 by the Ministry of Power and implemented by BEE to honour individuals, institutions, and industries for achievements in energy conservation and efficiency.
• BEE (Bureau of Energy Efficiency):
  • A statutory body under the Ministry of Power, Government of India, responsible for promoting policies and programs for improving energy efficiency across the economy.
• Standards & Labelling Programme:
  • A key BEE initiative aimed at reducing energy consumption through standardization and energy labels for electrical appliances. It has saved 89.84 billion units of electricity and reduced 63.78 million tonnes of CO₂ emissions.
• Mission LiFE (Lifestyle for Environment):
  • A government initiative focused on promoting sustainable, mindful consumption habits and people-led climate action to tackle environmental challenges.
• NDCs (Nationally Determined Contributions):
  • India’s climate commitments under the Paris Agreement, including targets for reducing emissions and promoting renewable energy.

Tabular Summary:

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10. Which cooperative bank won the Best Profit-Making Bank Award at the 72nd All India Cooperative Week 2025?
A) Karnataka Vikas Grameena Bank
B) Rani Channamma Mahila Cooperative Bank
C) Belagavi Urban Cooperative Bank
D) Ujjivan Small Finance Bank
E) Saraswat Cooperative Bank
Answer: B) Rani Channamma Mahila Cooperative Bank

Event and Location:

• Event: Rani Channamma Mahila Cooperative Bank wins Best Profit-Making Bank Award
• Location: Haveri, Karnataka (award ceremony); Belagavi, Karnataka (bank HQ)
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Rani Channamma Mahila Cooperative Bank, based in Belagavi, received the Best Profit-Making Bank Award at the 72nd All India Cooperative Week 2025, organized by the Karnataka State Urban Cooperative Banks Association.
• Objectives:
  • To recognize outstanding financial performance and profitability among cooperative banks, and to encourage financial discipline, governance, and empowerment, especially in women-led cooperative banking.

Important Terms Explained:

• Cooperative Bank:
  • A financial institution owned and operated by its members that primarily serves rural and semi-urban communities with a focus on credit and social upliftment.
• All India Cooperative Week:
  • An annual observance held in November to celebrate the contribution of India’s cooperative movement in economic development, emphasizing self-help, grassroots empowerment, and inclusive finance.
• Best Profit-Making Bank Award:
  • A recognition given to cooperative banks demonstrating strong financial returns, operational efficiency, and growth in profitability among peers.

Tabular Summary:

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International Affairs – Daily Current Affairs November 24

11. Who has been featured on a French postage stamp as part of the “Figures of the Resistance” series for her WWII contributions?
A) Kalpana Chawla
B) Indira Gandhi
C) Noor Inayat Khan
D) Laxmi Sehgal
E) Bhikaiji Cama
Answer: C) Noor Inayat Khan

Event and Location:

• Event: Noor Inayat Khan honoured on French postage stamp under “Figures of the Resistance” series
• Location: France
• Date: November 2025

Mandates and Objectives:

• Mandates: France’s national postal service La Poste issued a commemorative stamp featuring Noor Inayat Khan as part of its new stamp series.
• Objectives: To honour her contribution as a WWII resistance fighter and British spy, and to commemorate 80 years since the end of World War II.

Important Terms Explained:

• La Poste: The official postal service of France, responsible for issuing postage stamps and postal administration.
• Figures of the Resistance: A French commemorative stamp series launched to honour individuals who fought against Nazi occupation during WWII.
• Special Operations Executive (SOE): A secret British WWII organization responsible for espionage and sabotage in enemy-occupied Europe.
• WAAF (Women’s Auxiliary Air Force): A British military service for women that supported the Royal Air Force during the Second World War.
• George Cross: One of the highest civilian decorations in the UK awarded for acts of great heroism or courage in extreme danger.

Tabular Summary:

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12. Which initiative was jointly adopted by India and Italy during the G20 Summit 2025 to combat terrorism?
A) Indo-Italian Defence Pact
B) Strategic Technology Partnership 2025
C) G20 AI Governance Charter
D) India-Italy Joint Initiative to Counter Financing of Terrorism
E) Global Clean Energy Alliance
Answer: D) India-Italy Joint Initiative to Counter Financing of Terrorism

Event and Location:

• Event: India and Italy adopt joint initiative to combat terror financing during bilateral talks
• Location: Johannesburg, South Africa (G20 Summit 2025)
• Date: November 24, 2025 (Meeting held on sidelines of G20)

Mandates and Objectives:

• Mandates:
  • Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni held a bilateral meeting during the G20 Summit 2025, where they launched the India-Italy Joint Initiative to Counter Financing of Terrorism and reviewed progress in their Strategic Partnership.
• Objectives:
  • To deepen bilateral cooperation in counter-terrorism, strengthen ties in trade, defence, technology, and culture, and support global efforts in AI regulation, clean energy, and open access to satellite data.

Important Terms Explained:

• India-Italy Joint Initiative to Counter Financing of Terrorism:
  • A collaborative effort launched to tackle the flow of funds that support terrorism globally, enhancing intelligence sharing, policy coordination, and international compliance mechanisms.
• Strategic Partnership:
  • A formalized relationship between two nations focusing on cooperation in key areas such as defence, economy, technology, culture, and international security.
• Joint Strategic Action Plan 2025–29:
  • A bilateral roadmap outlining sectoral cooperation between India and Italy across domains like trade, innovation, research, defence, education, and cultural exchanges.
• G20 Summit:
  • An annual meeting of the world’s 20 largest economies to deliberate on global economic issues, climate action, digital transformation, and geopolitical cooperation.

Tabular Summary:

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13. What bilateral trade target have India and Canada set to achieve by the year 2030?
A) USD 20 billion
B) USD 40 billion
C) USD 50 billion
D) USD 60 billion
E) USD 70 billion
Answer: C) USD 50 billion

Event and Location:

• Event: India and Canada set USD 50 billion bilateral trade target and deepen strategic cooperation
• Location: Johannesburg, South Africa (G20 Summit 2025)
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • During bilateral talks on the sidelines of the G20 Summit 2025, Prime Minister Narendra Modi and Canadian PM Mark Carney announced a renewed strategic focus to increase bilateral trade to USD 50 billion by 2030.
  • The countries also agreed to deepen cooperation in defence, space, technology, education, and investment.
• Objectives:
  • To strengthen the India–Canada partnership across key economic and strategic sectors, build investor confidence, especially through Canadian pension funds, and enhance collaboration in cutting-edge domains like AI, space technology, and clean energy.

Important Terms Explained:

• Bilateral Trade:
  • Trade between two countries, including both exports and imports, aimed at enhancing economic cooperation and mutual benefit.
• Canadian Pension Funds:
  • Large institutional investors from Canada, such as CPPIB (Canada Pension Plan Investment Board), known for their global investments, including increasing stakes in Indian infrastructure and financial sectors.
• G20 Summit:
  • An international forum for governments and central bank governors from 20 major economies, addressing global financial and policy issues.
• AI Summit 2026:
  • A proposed global artificial intelligence summit that India will host in February 2026, aiming to lead global discourse on AI governance and ethical use of technology.

Tabular Summary:

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14. Which two countries have recently agreed to resume negotiations for a Comprehensive Economic Partnership Agreement (CEPA)?
A) India and Australia
B) India and UK
C) India and Canada
D) India and France
E) India and UAE
Answer: C) India and Canada

Event and Location:

• Event: India and Canada agree to resume CEPA (FTA) negotiations
• Location: New Delhi, India
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • India and Canada have agreed to restart negotiations for a Comprehensive Economic Partnership Agreement (CEPA), also referred to as a Free Trade Agreement (FTA), during the 7th India–Canada Ministerial Dialogue on Trade and Investment, under the framework of the New Roadmap 2025.
• Objectives:
  • To double bilateral trade to USD 50 billion by 2030, attract investments, ease trade in goods and services, enhance cooperation on critical minerals, nuclear energy, and supply chain diversification, and demonstrate renewed diplomatic trust and partnership.

Important Terms Explained:

• Free Trade Agreement (FTA) / CEPA:
  • An agreement between two or more countries to reduce or eliminate tariffs, import duties, quotas, and preferences on goods and services traded between them. A Comprehensive Economic Partnership Agreement (CEPA) includes broader areas such as investment, intellectual property, and technology cooperation.
• Early Progress Trade Agreement (EPTA):
  • A proposed interim trade agreement between India and Canada, launched in 2022 as a stepping stone toward a full CEPA, with limited commitments to fast-track economic cooperation.
• Critical Minerals:
  • Minerals essential to high-tech and green energy technologies (e.g., lithium, cobalt, rare earth elements). Canada is rich in these resources, while India seeks to secure access for domestic industry.
• New Roadmap 2025:
  • A bilateral framework to strengthen India–Canada economic and strategic engagement through trade, education, innovation, energy, and diaspora-led diplomacy.

Tabular Summary:

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15. During the G20 Summit in South Africa, what key issue did PM Modi emphasize regarding artificial intelligence?
A) Promoting exclusive national AI models
B) Banning AI in developing countries
C) Encouraging private AI investment
D) Establishing a global compact against AI misuse
E) Launching India’s own AI-only summit
Answer: D) Establishing a global compact against AI misuse

Event and Location:

• Event: PM Modi concludes 3-day visit to South Africa for G20 and IBSA meetings
• Location: Johannesburg, South Africa
• Date: November 24, 2025 (Return to India)

Mandates and Objectives:

• Mandates:
  • Prime Minister Narendra Modi returned after attending the G20 Leaders’ Summit and IBSA (India-Brazil-South Africa) leaders’ meeting in Johannesburg, where he held multiple bilateral talks and delivered addresses on global governance and AI regulation.
• Objectives:
  • To advocate for human-centric technology governance, call for UN Security Council reform, deepen bilateral relations with global leaders, and support inclusive institutions for sustainable global development.

Important Terms Explained:

• G20 Summit:
  • A global forum comprising 19 countries and the EU, representing major economies.
  • The 2025 summit was hosted by South Africa in Johannesburg to address economic, technological, and environmental challenges.
• IBSA (India–Brazil–South Africa):
  • A trilateral, development-focused grouping aimed at promoting South-South cooperation and reforming multilateral institutions.
• Global Compact on AI Misuse:
  • A proposal by PM Modi for a global agreement to prevent unethical use of Artificial Intelligence, ensuring that technologies remain human-centric and not controlled by financial or exclusive interests.
• UN Security Council Reform:
  • India’s long-standing demand to expand and reform the UNSC, ensuring better representation for developing countries and emerging powers in global decision-making.

Tabular Summary:

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16. Which South African leader did PM Modi meet during the G20 Summit 2025 to review bilateral ties and discuss cooperation in critical sectors?
A) Nelson Mandela
B) Thabo Mbeki
C) Paul Mashatile
D) Cyril Ramaphosa
E) Jacob Zuma
Answer: D) Cyril Ramaphosa

Event and Location:

• Event: PM Modi meets South African President Cyril Ramaphosa to review bilateral relations
• Location: Johannesburg, South Africa (G20 Summit 2025)
• Date: November 23, 2025 (Meeting held on G20 sidelines)

Mandates and Objectives:

• Mandates:
  • Prime Minister Narendra Modi met South African President Cyril Ramaphosa during the G20 Summit 2025, where they reviewed progress in India–South Africa bilateral cooperation and discussed strategic partnerships across sectors such as mining, technology, AI, critical minerals, and people-to-people ties.
• Objectives:
  • To reinforce historical India–South Africa ties, deepen collaboration in emerging technologies, facilitate mutual investments, amplify the voice of the Global South, and strengthen support for multilateral initiatives like IBSA, BRICS, and the International Big Cat Alliance.

Important Terms Explained:

• Global South:
  • Refers to developing countries, especially in Asia, Africa, and Latin America, often advocating for fairer global governance and equitable economic development.
• Artificial Intelligence (AI):
  • The simulation of human intelligence in machines, now a core domain for strategic international cooperation and ethical regulation.
• Digital Public Infrastructure (DPI):
  • Foundational digital systems (like India’s Aadhaar, UPI) that enable public and private service delivery efficiently and inclusively.
• Critical Minerals:
  • Essential raw materials such as lithium, cobalt, and rare earth elements crucial for clean energy technologies, electronics, and defence applications.
• International Big Cat Alliance (IBCA):
  • An India-led global initiative to conserve and protect big cats like tigers, lions, leopards, and cheetahs, fostering cross-border cooperation in wildlife conservation.

Tabular Summary:

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Schemes – Daily Current Affairs November 24

17. Which industry is expected to benefit significantly from India’s ₹1-lakh crore RDI Scheme, according to the Solvent Extractors’ Association of India (SEA)?
A) Fertilizer industry
B) Edible oil industry
C) Cement industry
D) Automobile industry
E) Renewable energy sector
Answer: B) Edible oil industry

Event and Location:

• Event: SEA hails ₹1-lakh crore RDI Scheme as a major boost for India’s edible oil industry
• Location: Mangaluru, Karnataka (SEA President’s communication)
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • The Solvent Extractors’ Association of India (SEA) has welcomed the Government of India’s launch of the ₹1-lakh crore Research, Development and Innovation (RDI) Scheme, emphasizing its potential to transform the edible oil industry through long-term, low-cost financing for high-risk research.
• Objectives:
  • To reduce India’s edible oil import dependence by fostering innovation in oilseed development, climate-resilient agriculture, digital traceability, and processing technologies.
  • Additionally, to promote export growth through the new Export Promotion Mission (EPM) and address emerging import challenges under SAFTA.

Important Terms Explained:

• RDI Scheme (Research, Development & Innovation):
  • A central government initiative with a ₹1-lakh crore outlay to support deep-tech and high-impact innovation in key sectors like agri-tech, biotech, and clean energy.
  • It offers low-cost, long-tenure funding for transformative projects.
• Export Promotion Mission (EPM):
  • A ₹25,060 crore digital-first initiative aimed at consolidating India’s export schemes and easing market access through sub-missions like Niryat Protsahan and Niryat Disha, especially for MSMEs and labour-intensive sectors.
• SAFTA (South Asian Free Trade Area):
  • A trade agreement among SAARC countries allowing duty-free trade.
  • Recently used by Nepal to export refined edible oils into India at zero duty, impacting domestic processors.
• Technology Mission on Oilseeds:
  • A government program to increase domestic oilseed production and reduce dependence on imported edible oils, which currently make up about 60% of India’s consumption.
• Pomace Olive Oil:
  • A widely used variety of olive oil in India derived from olive residue. The government recently reduced its import duty from 38.5% to 16.5% to increase affordability.

Tabular Summary:

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18. What is the target number of Smart Family Cards to be issued under Andhra Pradesh’s FBMS by June 2026?
A) 1 crore
B) 1.2 crore
C) 1.4 crore
D) 1.5 crore
E) 2 crore
Answer: C) 1.4 crore

Event and Location:

• Event: Andhra Pradesh to implement Family Benefit Management System (FBMS)
• Location: Andhra Pradesh
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • The Andhra Pradesh government will implement a Family Benefit Management System (FBMS) and issue Smart Family Cards to 1.4 crore families by June 2026.
• Objectives:
  • To ensure transparent civic service delivery, simplify the selection of eligible welfare beneficiaries, and consolidate public service data for seamless welfare access.

Important Terms Explained:

• Family Benefit Management System (FBMS):
  • A state-level governance framework to track and manage welfare and civic services by treating each family as a single unit.
• Smart Family Card:
  • A digitally integrated card embedded with a QR code containing both static and dynamic information like Aadhaar, FBMS ID, health and education records, pension, ration, and scholarship details.
• QR Code (Static and Dynamic Data):
  • Static data remains unchanged (e.g., Aadhaar number), while dynamic data updates periodically (e.g., scholarship status, vaccination history).

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National Affairs – Daily Current Affairs November 24

19. Which Kerala port location is set to play a major role in the state’s green hydrogen development plans?
A) Alappuzha
B) Kochi
C) Vizhinjam
D) Kollam
E) Mangalore
Answer: C) Vizhinjam

Event and Location:

• Event: Vizhinjam identified as key hub for Kerala’s green hydrogen development
• Location: Vizhinjam, Kerala, India
• Date: November 10, 2025 (as per order issued)

Mandates and Objectives:

• Mandates: The Kerala Power Department has earmarked 50–60 acres near Vizhinjam Port for the development of Green Hydrogen Hubs, including facilities for green methanol and green ammonia storage and supply.
• Objectives: To promote green hydrogen infrastructure under the Hydrogen Valley Innovation Cluster (HVIC) initiative and support India’s renewable energy transition through pilot and demonstration projects.

Important Terms Explained:

• Green Hydrogen: Hydrogen produced using renewable energy sources through electrolysis, resulting in zero carbon emissions.
• Hydrogen Valley Innovation Cluster (HVIC): An initiative approved by the Ministry of New and Renewable Energy (MNRE) to develop integrated hydrogen ecosystems in specific regions through pilot projects, infrastructure, and refuelling systems.
• Green Methanol and Green Ammonia: Low-carbon fuels derived from renewable hydrogen and CO₂ (in the case of methanol) or nitrogen (in the case of ammonia), used in shipping, transport, and industry.
• Electrolyser Banks: Facilities containing equipment that splits water into hydrogen and oxygen using electricity, essential for green hydrogen production.
• Anert (Agency for New and Renewable Energy Research and Technology): A Kerala government agency responsible for promoting and implementing renewable energy projects and research in the state.

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20. Which two institutions recently signed an MoU to enhance Industry 4.0 training and skills in India?
A) IIT Hyderabad and BHEL
B) NIT Warangal and Tata Steel
C) IIT Tirupati and CEMS Visakhapatnam
D) IIM Bangalore and HAL
E) IIT Delhi and NTPC
Answer: C) IIT Tirupati and CEMS Visakhapatnam

Event and Location:

• Event: IIT Tirupati and CEMS Visakhapatnam sign MoU to promote Industry 4.0 skills
• Location: Tirupati, Andhra Pradesh
• Date: November 24, 2025

Mandates and Objectives:

• Mandates: The Memorandum of Understanding (MoU) signed between IIT Tirupati (IITT) and Centre of Excellence in Maritime and Shipbuilding (CEMS), Visakhapatnam, facilitates the joint design and delivery of training programs in Advanced Manufacturing and Industry 4.0.
• Objectives: To build future-ready talent by equipping learners with practical and technical skills in Digital Manufacturing, Industrial IoT, Electric Vehicles, Factory Automation, and Microgrid Technologies, aligning with national missions such as Make in India and Atmanirbhar Bharat.

Important Terms Explained:

• Industry 4.0: The fourth industrial revolution involving automation, smart manufacturing, and the integration of cyber-physical systems, IoT, and AI into production processes.
• Digital Manufacturing: The use of digital technologies (like simulations and digital twins) in manufacturing to improve productivity, precision, and flexibility.
• Centre of Excellence in Maritime and Shipbuilding (CEMS): A skill development initiative supported by the Indian government to offer high-end training in marine and manufacturing technologies.
• Microgrid Technologies: Localized energy grids that can operate independently or in conjunction with the main power grid, enhancing energy resilience and sustainability.
• Make in India: A national initiative launched in 2014 aimed at encouraging companies to manufacture their products in India and incentivize dedicated investments into manufacturing.
• Atmanirbhar Bharat: A self-reliance campaign launched in 2020 to strengthen local industries, promote indigenous innovation, and reduce import dependence.

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21. Which Indian state recently approved the MRO Policy 2025 to establish aviation maintenance hubs and streamline high-value investments?
A) Gujarat
B) Tamil Nadu
C) Maharashtra
D) Assam
E) Karnataka
Answer: D) Assam

Event and Location:

• Event: Assam Cabinet approves MRO Policy 2025, new investment panel, and key education reforms
• Location: Assam, India
• Date: November 24, 2025

Mandates and Objectives:

• Mandates:
  • Approval of Maintenance, Repair & Overhaul (MRO) Policy 2025 to establish three world-class MRO hubs for civil and defence aviation by 2030.
  • Formation of a High-Powered Investment Committee chaired by the Chief Minister for investment projects above ₹10,000 crore.
  • Approval of two key education reform bills:
    1. Regulation of Fees Bill 2025 for non-government educational institutions.
    2. Provincialisation of Non-Teaching Staff (Amendment) Bill 2025 introducing annual salary enhancement.
  • Approval to table the Mehta Judicial Commission Report on the 1983 Assam Election violence in the Assembly.
• Objectives:
  • To position Assam as the aviation MRO hub of Northeast India, attract large-scale investments, regulate private education, and support non-teaching staff in venture institutions.
  • These decisions aim to drive industrial growth, enhance educational equity, and promote historical transparency.

Important Terms Explained:

• MRO (Maintenance, Repair & Overhaul):
  • A sector dealing with maintenance, repair, and overhaul of aircraft and aviation components.
  • Assam aims to create 3 major MRO hubs under this policy by 2030.
• High-Powered Investment Committee:
  • A state-level apex body for fast-tracking high-value investment projects (₹10,000 crore and above) through single-window clearances and policy facilitation.
• Regulation of Fees Bill 2025:
  • A law to regulate the fees of private educational institutions, including minority-run ones under Article 30(1), ensuring transparency and affordability.
• Provincialisation of Non-Teaching Staff Bill 2025:
  • An amendment offering 6% annual salary enhancement for non-teaching staff in venture (privately-run but partially aided) schools in Assam.
• Mehta Judicial Commission Report:
  • A fact-finding report on the 1983 Assam Election violence, to be formally tabled in the Assam Legislative Assembly.

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Over All Review

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